Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| 5.4% |
| 3.4% |
| 3.2% |
| EBITDA margin % | — | — | -140% | 0% | 7.7% | -217.8% | 1.3% | 1.3% |
| EBIT margin % | — | — | -140% | 0% | 7.7% | -218.1% | 1.2% | 1.3% |
| PAT margin % | — | — | -140% | -8.3% | 0% | -191.2% | 1.1% | 0.7% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 0 | 0 | 337 | 114 | 107 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 2 |
| Payable days | — | — | 0 | 0 | 0 | 288 | 103 | 43 |
| NWC days | — | — | 0 | 0 | 0 | 49 | 11 | 66 |
| Leverage | ||||||||
| Current ratio | — | — | 2 | 3 | 3.5 | 1.22 | 1.07 | 1.43 |
| Debt to EBITDA | — | — | — | — | 16 | — | 1.72 | 9.85 |
| Debt to equity | — | — | 0.01 | 0 | 0.01 | 0 | 0.15 | 0.69 |
| Interest coverage | — | 0 | — | 0 | 1 | — | 8.2 | 2.3 |
| Asset turnover | — | — | 0 | 0 | 0 | 0.27 | 2.21 | 2.33 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.4% | -0% | 0% | -52.1% | 2.4% | 1.7% |
| Return on capital employed % | — | — | -0.4% | 0% | 0% | -31.7% | 8.2% | 8.7% |
| Return on equity % | — | — | -0.4% | -0% | 0% | -65.9% | 7.1% | 3.9% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.